Of particular interest is the sale of FMH in Australia for an enterprise value of more than A$1 billion. SingPost has reiterated that the sale is going ahead and is seeking shareholders' nod at an EGM to be called by the end of February.
SingPost has cautioned that while it has in place a divestment strategy to monetise its various non-core assets and businesses, there is "no certainty" that any of the previously flagged transactions will take place.
The company was in the news recently for firing its top three executives including group CEO Vincent Phang, thus raising questions if its ongoing moves to monetise assets, cut debt and potentially pay out special dividends to shareholders will continue.
